Things That Matter

We Ranked The 11 Best Latin American Countries To Start A Business

Entrepreneurship is on the rise throughout the world. Changing economic landscapes everywhere and people wanting a more flexible lifestyle make this an attractive option. Are you among the many who have your eye toward starting your own business? You may have thought about opening one in the United States or in a large, well-known manufacturing country like Singapore. But, have you ever considered that Latin America might have exactly what you need to start your business? If you haven’t, you’re missing out. We took the guesswork out for you by ranking the 11 best Latin American countries to start a business.  Some of these may surprise you.

11. Guatemala

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Guatemala offers simplicity at its finest. Have you started a business in the United States or at least learned a bit about how businesses are run in the U.S.? If so, it won’t be much of a stretch to start a business in Guatemala.  Don’t like red tape? Lucky for you, there is an established legal framework in Guatemala.

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Rules are clearly defined and give benefits similar to those you would find in the U.S. with a Limited Liability Company (LLC). In Guatemala, they’re called Sociedades Anonimas (SAs). They are not only popular for defining your business and picking and using its name but also for getting your hands on property in Guatemala.

10. Dominican Republic

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Growth, growth, growth! The Dominican Republic has so much to offer, starting with its increasing economic stability due to its attractiveness to foreign investors. It ranks in the world’s top five for Free Zones. You might be thinking, “What makes the Dominican Republic a Free Zone and why should I care?” Well, a free zone has significantly fewer taxes and even offers a variety of exemptions for new businesses.

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Some might even call the Dominican Republic a “tax haven.” In the Dominican Republic, production and labor costs are low, there is easy access to transport and shipping and, as mentioned above, there are significant tax benefits.

9. El Salvador

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Low starting costs, easy currency and another bastion of free zones. What more could you want? In El Salvador, you only need about $100 USD, two shareholders, and a director to incorporate and set up shop.

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Like in the Dominican Republic, you can capitalize on El Salvador’s Free Zones. Who doesn’t want lower taxes?

8. Argentina

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Argentina has had quite the turnaround over the last few years. This is like your favorite underdog story. While Argentina had a major economic and political crisis in the early 2000s, changes to its country’s leadership and its trade processes have made it a great place to start a business. While not as cheap as starting a business in El Salvador, your pocketbook won’t feel too light in Argentina.

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You can start your business with around $300 USD That very small amount lets you reap great rewards. Just some of the rewards you get for your investment are a highly skilled labor force at low costs, minimal taxes due to the country’s free zones and a highly collaborative entrepreneurial spirit.

7. Brazil

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Brazil is an up-and-comer. It is already the sixth largest economy in the world and poised to become the fifth in the next couple of decades. Access to rich mineral resources including self-sufficiency in oil makes it a boon for investors. Innovation is the name of the game, along with smart partnerships. Brazil has partnered with the United States on five core themes: innovation and green technology, trade facilitation, business development, standards, and metrology, as well as intellectual property cooperation.

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Money talks and, here, like several other countries on this list, you pay less money in taxes and get great rewards. The country is also considered a low risk for investments. With fewer natural disasters, a low cost of living and s a well-diversified economy while boosting a stable democracy makes Brazil something extra special.

6. Colombia

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Tourism is where it’s at in Colombia. Colombia ranked No. 2 in places to visit in the New York Times article “52 Places to go in 2018,” along with attention in several other pieces on hot spot destinations. There are many opportunities to bask in the success of the tourism industry with your own business.

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You might consider investing as a tour operator or in running a luxury spa. It also benefits from strong ties to the United States.

5. Peru

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While most of the attention goes to Chile, Costa Rica, and Mexico when it comes to starting a business, Peru won’t be left behind. It has one of the world’s fastest-growing economies and very low inflation.

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Commodity pricing is growing and going strong, especially in the mining industry. You won’t want to be left behind either, so consider Peru for your next business investment.

4. Mexico

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Who doesn’t love a short wait time? In Mexico, it only takes about eight days to get your business up and running. It also ranks among the top 30 percent of the world’s countries for regulatory performance. Making a bunch of legislative reforms means that there is an ever-increasing number of businesses, but also an ever-increasing opportunity to start one.

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Mexicans have a relatively easy time getting credit which means more opportunity for them to spend money with you.

3. Uruguay

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Small, but mighty, Uruguay is often overlooked when it comes to starting a business, primarily due to its size. That is a big mistake, though. Extreme poverty is very low, it has the largest middle-class of any Latin American country (about 60 percent).

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The infrastructure and education also make it a highly sought after place for investment.  The three major industries are agriculture, service, and industry.

2. Costa Rica

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Costa Rica is the land of “La Pura Vida.” Costa Rica is a pioneer in eco-tourism and is the only tropical country in the world to succeed in reversing deforestation. The country has no military. Invest in people and infrastructure instead of weapons? Seems like a good idea.

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If Costa Rica’s economic success on the world’s stage is any indication, it sure is. Access to universal healthcare and a stable region means there is an ever-growing retirement community flocking there as well. What an opportunity!

1. Chile

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Progressive Trade Deals and a low tax rate are certainly enticing. Moreover, Chile is ranked highly for the ease of doing business, But, it wasn’t always that way. There were some challenges that are being addressed. Moving to an online system (isn’t everybody?) means less red tape and a quicker turnaround. Who wants to have to bring all their records in a sealed envelope and wait in line? The country has also stood up for business, including small business.

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They have enacted reforms for stricter contract enforcement. Chile has worked hard to get to its number one spot. It’s enacted many reforms over the years with an eye toward an improved business climate. Chile’s lofty goals are creating jobs, becoming a more competitive economy and stimulating domestic investment.

Rumors Are Swirling That A-Rod Is Shopping A New Show To Compete With ‘Shark Tank’

Entertainment

Rumors Are Swirling That A-Rod Is Shopping A New Show To Compete With ‘Shark Tank’

arod / Instagram

Alex Rodriguez is known for a wide range of accomplishments and criticisms. Sports Illustrated just featured the sports icon’s incredible trajectory from being banned from the 2014 MLB season to the second row of Bradley Cooper and Lady Gaga’s performance at the Oscars and engaged to Jennifer Lopez.

Now, the league is inviting his consultation on how to reach younger fans, and to promote the Yankees-Red Sox series in London. Rodriguez has also been a recurring guest on ABC’s Shark Tank, offering his business insights to entrepreneurs. Now, he’s secured a deal with NBC to host a “very similar” show.

ABC Shark Tank producers are pissed about it.

@arod / Instagram

According to a report by Page Six, A-Rod has secured a deal for a “business reality show.” So far, we don’t know what will set it apart from “Shark Tank,” which places it in line as a direct competitor.

Sony Pictures Television has reportedly said they won’t be inviting him back as a guest Shark.

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Page Six reported that a source from ABC said, “Alex last appeared on ‘Shark Tank’ last fall and before then, he’d been on a bunch. Everyone really liked him. But he won’t be on the show anymore as he’s been shopping around a show that is very, very, very similar to ‘Shark Tank’ and Sony TV, which makes the show, got wind of this — because Alex’s people had been speaking to everyone in Hollywood.”

Another source has said that A-Rod’s show isn’t going to be a carbon copy of “Shark Tank.”

@sharktankabc / Instagram

A-Rod already has a deal with CNBC as the star of his own show, “Back in the Game.” Page Six’s source said that “This show was being shopped around — it’s not like ABC was giving Alex his own prime-time spot. Alex loved ‘Shark Tank,’ and the feeling was mutual. But he already has his show ‘Back in the Game’ on CNBC . . . this is basically extending his deal with NBC.”

Some folks think A-Rod is being shady.

@ErnieAcostaWFAN / Twitter

They argue that, because he’s been a guest on the show, it’s a betrayal of sorts of the show that gave him the business insights he’ll take into a competing show. Also, folks are carrying his previous scandals into the present day.

While others are coming to his defense.

@kc_dos_siete / Twitter

Legally, A-Rod has done nothing wrong. Still, Sony producers seem to be taking it personally. Don’t expect to see A-Rod and Mark Cuban in the same screen for awhile.

Just last week, A-Rod shared some life lessons he’s gained from billionaire Warren Buffet.

@arod / Twitter

A-Rod is taking a big swing by going out on his own. Maybe he looks at his guest appearances on “Shark Tank” as a series of singles?

NBC has hyped the show as “a high-concept business show.”

@arod / Instagram

“We are thrilled to be developing a show with Alex,” the source told Page Six. That doesn’t sound much like just an extension of an existing show. It’s a whole new development.

Most fans just don’t even know how he’s able to do it all.

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It’s all pretty impressive, and we’re rooting for the Dominican King of Baseball, and business. We’ll admit, the number of Latino guests on “Shark Tank” have been meager. We’re curious to see how Rodriguez’ own show will look.

Rodriguez has declined to comment.

@arod / Instagram

But we know this story will continue to develop, and look forward to watching his show!

READ: This Dominican Inventor And A-Rod Hit It Off Immediately When He Made Him An Offer In Spanish On ‘Shark Tank’

13 Lessons From Jefas On How To Make Your Business More Instagrammable

Entertainment

13 Lessons From Jefas On How To Make Your Business More Instagrammable

Anyone can create an Instagram account, but only a few can sustain a coherent online presence and narrative. From individuals to companies, everyone is trying to find the golden rule of social media. We have found 17 Jefas from around the world who totally slay their Insta game and used the platform to grow their businesses. They have created authentic brands around their personas that both wannabe influencers and established companies can learn from.

1. Thou shall keep thy color palette constant.

Credit: @ameliagoldie / Instagram

Amelia Goldie is an Australian Instagrammer who has sustained a black-white-red color palette throughout the year and has become a real influencer in terms of fashion and style. Her slightly French quirkiness also makes her approachable. She is also honest about her personal struggles with mental health, making her approachable.

2. Thou shall repeat: “Fun is queen”

Credit: @kidjess / Instagram

In the old days of mass media people would say that “content is king.” Well, in the age of social media, when there are so many channels to be entertained by, good old simple fun goes a long way. @kidjess knows it and is supported by almost half a million followers. She is quirky and has a cute aesthetic that is always on brand.

3. Thou shall stay true to yourself, yes Ivon!

Credit: @bonboncherie / Instahram

We love this Latina jefat hat has gotten quite a following by being herself: a proud Latina mom. She describes herself as a wife and full-time mom and a Mexican-American blogger from California. She is not trying to pretend she is a gringa: her aesthetics scream latinidadeverywhere!

4. Thou shall scream: “B for Brown and Beautiful”

Credit: Instagram. @naturallykimmy

Kimberly Gomez is a gorgeous jefa from the Dominican Republic who is a proud representative of her ethnicity, she wears her Browness on her sleeve and we applaud her for that. Standards of beauty won’t stop being Anglo territory only if influencers AND brands don’t start exalting Brown and Black hermosura.

5. Thou shall take us on your creative journey

Credit: Instagram. @valerush

Valeria Gascon is a Mexican illustrator and academic who takes us on her creative and emotional journey as she expands her “fantasmitas” series, her flower girl series, and she studies her Ph.D. in Glasgow, Scotland. Her Insta is a delicia full of music, literature, plants, and nostalgia. Moraleja: whatever your brand does, take your audience on a ride.

6. Thou shall remain sencillita, no matter how big you are

Credit: Instagram. @anadelareguera

Ana De La Reguera is one of the best and most famous Mexican actresses of her generation. She has broken into Hollywood as well and she is basically a Mexican Meryl Streep in the making. But she has enough time and self-confidence to post pictures like the one in the upper left corner: look at her foodgasm eating that taco. No matter how big you or your brand are: humble is best, always. She wears her wrinkles with pride, para rematar!

7. Thou shall showcase the woman behind the product

Credit: Instagram. @brunelda_

Online presence is all about people. Brands that remain stale, faceless, are bound to have a boring and just meh online presence. Follow the example of Carmen Bruna, who owns a company of gorgeous invitations and other products featuring her watercolor illustrations. Her feed is a perfect mix of personal and professional content. If you are a brand, creating an attachment between the production process and the customer surely translated into loyalty.

8. Thou shall know that sometimes less is more 

Credit: Instagram. @nerya_yeger

Nerya Yeger is a fitness and vegan influencer who curates a gorgeous Insta feed in which she mixes motivational messages, art, and selfies. We love all the blank space in her feed. The white is a welcome relief in a sea of oversaturated images. La elegancia es lo que cuenta. Don’t you just love that illustration of Frida blowing a bubble gum? We can only imagine the impeccable taste with which her house must be decorated! Jealous!

9. Thou shall recommend a healthy lifestyle, but not be preachy, no suenen como madre enojada

Credit: Instagram. @lacoctelhera

Instagram is full of influencers who try to tell followers how to leave their lives, and to be honest that is not good branding. What is good branding is showing rather than telling, making healthy choices look fun and something you would actually wanna try. That is what @lacoctelhera does: just look at those colorful shots of food and the smile that this Spanish jefa has on her face, like all the time. Also, fluffy animals are engaging whatever your business is!

10. Thou shall sometimes do ONE thing, and do it REALLY WELL

Credit: Instagram. @succulent_heaven

Karen is a succulent lover and grower who curates a super appealing feed featuring the favorite houseplants of the millennial generation, full with tips, info on different species and photographs that frankly make us feel relaxed. Moraleja: sometimes diversifying your brand is not the best move. Do one thing and do it lo mejor que puedas. After scrolling through this feed we bet you will buy a pot, a small succulent…. and then you will have a new collection.

11. Thou shall give your fans/customers the place they deserve

Credit: Instagram. @lupitanyongo

Lupita Nyong’o is one of the biggest actresses in Hollywood. She has won an Oscar, acted in Jordan Peele’s “Us”, and been part of the Marvel Cinematic Universe. Will all of this going on, she makes the effort to share fanart made for her by followers. Can you imagine the smile on the fans face when seeing the art Lupita shared? Y’all know she was born in Mexico, right? And that she holds a Mexican passport? Social media has made celebrities more approachable, but only a few are like Lupita: whatever she posts feels authentic, unredacted and from the heart. Lupita, hermana, eres mexicana! 

12. Thou shall create a unique and irreplaceable style

Credit: Instagram. @margaretzhang

Margaret Zhang is a Chinese-Australian fashion powerhouse who has made a name for herself in the upper echelons of the industry. She is an art director for top brands and has moved permanently to New York. Her style is a combination of French chic and the visual aesthetics of Asian filmmakers such as Wong Kar-Wai (by the way, Quentin Tarantino’s hero). The takeaway: be like her, strive to find a unique style that can be translated into different media. Anything can be relevant, even a plate of food, if presented in a way that adds to a coherent visual and emotional narrative.

13. Thou shall deliver on your promise

Credit: Instagram. @nomvelo.c

Nomvelo Chalumbria is a South African young woman who defines herself as a globe trotter. And she delivers: her Insta is full of pictures from around the world, but also of the amazing original owners of what is now South Africa. She seems to always have her feet on a plane and one foot at home but firmly grounded in her cultural roots. Do yourself a favor and follow her for her bubbly personality.

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